Lincoln Electric (LECO) Expected to Announce Quarterly Earnings on Thursday

Lincoln Electric (NASDAQ:LECO) is expected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Lincoln Electric to post earnings of $2.03 per share and revenue of $995.84 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Lincoln Electric Price Performance

LECO opened at $192.11 on Thursday. The stock has a market capitalization of $10.84 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.85 and a quick ratio of 1.20. The company’s 50 day simple moving average is $196.67 and its 200-day simple moving average is $196.12. Lincoln Electric has a one year low of $169.51 and a one year high of $261.13.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LECO. Stifel Nicolaus dropped their price target on shares of Lincoln Electric from $216.00 to $211.00 and set a “hold” rating for the company in a research note on Friday, January 24th. StockNews.com upgraded shares of Lincoln Electric from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. Finally, KeyCorp boosted their target price on Lincoln Electric from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $229.50.

Lincoln Electric Company Profile

Lincoln Electric Holdings, Inc, through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers brazing and soldering filler metals, arc welding equipment, plasma and oxyfuel cutting systems, wire feeding systems, fume control equipment, welding accessories, and specialty gas regulators, and education solutions, as well as a portfolio of automated solutions for joining, cutting, material handling, module assembly, and end of line testing, as well as involved in brazing and soldering alloys, and in the retail business in the United States.